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goes down? do we want four more years of trillion dollar deficits? i don't believe we can afford four more years like the last four years. lou: a new report highlights governor rome -- governor romney's criticisms showing household incomes fell by an average rate of more than 8%. the census bureau revealing the number of people in poverty rose by 3 million in the first three years of the obama administration. we'll take all of that here tonight with former economic adviser to president reagan, economists, author laffer, and digital politics editor, and former bush adviser brad blakeman to separate facts from fiction in the world of presidential polls and strategies. early voting has presidential votes cast in more than half the country by next week. shannon has our report. the president's poll numbers in ohio getting a boost from stronger economic numbers, but there's head winds pressuring the campaign. the white house chief correspondent, ed henry, reports. >> since early voting starts tuesday here in ohio, it was a familiar script for president obama on his 29th visit to the buckeye
. >> president's number one vulnerability, is it the deficit conversation? >> i think that there isn't really -- the president has done a very good job in colorado of pointing out the things he has done. agricultural exports are up largely because of new markets opening. overall exports are up. 38% by the end of last year. our economy has seen a lot of benefit. issues around the stimulus sometimes people bring that up. colorado voters are more in tune with that. there is although i think there is also some of the background issues that have risen in. women's issues -- >> i want to bring that up. is that romney's number one issue? i have seen a lot of advertising specifically targeted women here in colorado. >> when michael bennett was running for the u.s. senate those women issues came up again and again and really did turn a great number of voters in the direction of michael bennett. >> i know you are having a fight between the state and localities having to do with fracking and you want to expand energy. it sounds like romney would be on your side on some of these things and the stereotype
a record deficit when he came into office. >> does it work to keep talking about what happened before? >> only to put in context of where he wants to take the country. we were handed a record debt. record deficit when we walked in because of two wars that weren't paid for, two tax cuts that weren't paid for. because of the economic crisis we had to take emergency action. he would do that same thing today. we saved millions of american families from the severe -- most severe economic crisis we've seen in our life times. now the president cut a trillion dollars and he has a plan to do more, a $4 trillion deficit reduction plan. the only person on that stage tonight with a real deficit reduction plan scored by the cbo, you know, scored by independent economists is barack obama. mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this wee
that going for him. who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs to fire up his bid for the presidency. >> my biggest concern obviously would just be for the -- his mental well-being. >> wait? what? mrs. romney, that's not helping. you better finish the thought. >> i have all the confidence in the world in his ability, in his decisiveness, in his leadership skills, in his understanding of the economy, in his understanding of what's missing right now in the economy, you know, the pieces that are missing to get this jump started. so for me i think it would be the emotional part of it. >> right. he's capable, decisive, and emotionally troubled? well, that is an october surprise. let's get right to our panel th
voters have no idea what you're talk about. >> the number in the times front page story about the deficit and, you know, the fourth straight year of trillion plus deficit, these are things that concern -- >> the american voters. >> and a number that resonates. talk about trillion dollar deficits an every normal person is going to go what are we doing. >> let's be clear about that ad. the ad is a strong ad, but generally candidates do straight to camera ads when they feel like they're in trouble. president obama did his one and only after the welfare ads started to hurt him, you didn't build that, he went straight to camera. romney's ad is a response to the 47% and what that's doing to him in places including ohio and to go back to curt's point about why romney is personally beyond the economic numbers, the president has had a problem with white working-class vote es for a long time. worse in the south than in the industrial midwest but still there in the industrial midwest. mitt romney is almost like -- almost the jerry built to be the worst possible candidate to talk to white working-cla
not higher than that it's been 8% for how many months now? trillion dollar deficits for years now. what about those questions in. >> we are overcoming what was the worst recession since the great depression. we've mid a lot of progress. we are losing 800,000 jobs a month and obviously we've created more than 5 million jobs, but better off isn't good enough. we need to do more than that, we need to restore economic security for the middle class, that's why the president is invested in areas like education where we're double funding for college scholarships. we are on track to double renewable energy productions so we are creating the jobs of the future right here in america. he'll talk about both the progress we've made and layout a road map to create good-paying sustainable jobs to the middle class. bill: we are looking forward tonight. thank you for coming back here, ben. ben labolt from the obama team. good luck to you later tonight. andrea saul from the romney team, press secretary for mitt romney. good morning to you. i know you're looking forward to you tonight as well. >> good morning.
the math work on his deficit plan and his tax plan. are we going to get those details in the course of the debate? >> well, you know, david, i wish you guys were just as tough on the president. the president says he's going to create a million new manufacturing jobs. he doesn't say how. he says he's going to reduce the long-term debt and deficit by $4 trillion. doesn't say how he's going to do it. you know, let's be fair here. governor romney has laid out a direction and a vision for the direction of this country. he's not an accountant. he's not going to go line by line as much as you'd like him to do through the budget. but let's hold the president to the same standard and criticize him as well. >>> good morning, it is monday, october 1st. it's october, everybody. welcome to "morning joe." >> yeah, you know who's glad september's over? >> who? >> the jets. holy cow! >> i thought you were going to say mitt romney. with us on set, we have msnbc and "time" senior political editor mark halperin and national affairs editor for "new york" magazine john heilemann. guys. hi, willie. >> he
for everybody. it's going to be deficit neutral. you say you're going to close loopholes, deal with deductions, so let's talk about those deductions. you know, home mortgage deduction, charitable giving deduction, health care deduction. are you willing to tell the middle class -- >> tax deduction. >> are you willing to tell the middle class some of these are off the table? if you are, how do you pay for it? >> he's not going to. he has bucket, 17 grand. is that not good enough for you? >> that's the problem. if he starts getting specific like that, what the right wants to hear is not what 80% of the country wants to hear. that's the fundamental problem he has. >> the bar is pretty low for mr. romney. how does he get through the 90 minutes without any further problems? very quickly. >> i've been a big fan of the fact that mitt romney is the gift that keeps on giving. listen, if mitt romney doesn't produce a verbal or a physical gaffe tonight, then by and large, i think the republicans will probably say that he won. but, i think that mr. lehrer, a very honest broker, is going to do exactly what
getting a handle on the deficit. also president obama has been hammering away at romney's tax plan arguing it will add to the deficit. romney has called for cutting all tax rates by 20%. he also wants to eliminate taxes on capital gains and dividends for families who make less than $200,000. there was an independent analysis done by the nonpartisan tax policy center and it did find that romney's plan would drop tax revenues by $5 trillion. but romney has promised he won't add to the deficit because he'll pay for any tax cuts by limiting deductions for taxpayers especially the wealthy. so this isn't really a major break from what he said before. he's just kind of shifting the emphasis, playing up a different part of his plan. >> so deductions. what deductions would mr. romney limit? >> now, that is the $5 trillion question. we tonigdon't know. he has hinted he may scale back the mortgage deduction for wealthy homeowners. think about how many tax deductions are out there. charitable giving, he state and local taxes. it won't be politically easy to scrap any of them because they're popular. s
is to try to turn his weaknesses on the economy and deficit to strengths. by roughing up romney on the idea he will hurt the middle class. >> he says he will cut the deficit, please. he wants $2 trillion in new defense spending that the pentagon didn't ask for. $5 trillion tax cut, future of the wealthy. >> reporter: the claim is complicated by the way biden framed the argument. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify raising their taxes? >> obama officials today insisted that was not a gaffe, biden clarified. >> the middle class was buried by the policies of romney and ryan supported. >> republicans like rubio are off to the races. >> those happen to be the words that the distinguished vice president of the united states mr. joe biden. no, don't boo. he is the best thing we've got going, guys. >> reporter: now denver has always been big for this president. in 2008 is where he launched the hope and change in front of the great columns of the democratic convention. 2009. this is where he signed the sti
some of the tax changes that he would specify with the ways he would trim the deficit. his campaign -- the president's campaign already signaled that. here is how his deputy campaign manager steffi cutter put it in a new video they put out today, brooke. >> mitt romney hasn't given us any specific details of his economic plans. so we can use tonight's debate to give us the details for first time ever, or we can spend 90 minutes doing what we know he's good at, attacking the president, distorting his own record, and avoiding any and all details of his plans for the country. >> now, obviously that's expectation setting and priming the media to already start looking for any specifics, weaknesses by romney in getting into the details. but it does mean that we should start looking for the president to push the governor on those kinds of issues. i do think the president has separate challenges, but this is what we should see the president get aggressive on tonight, brooke. >> okay. also we should point out, jessica, it is interesting timing, this date here, it coincides with a certain sig
in the end a president piled up huge deficits that will cripple our children and grandchildren. look at the mess in the middle east where the president for ten days didn't tell the american people the truth about what happened in the death of an american ambassador. there's plenty of ammunition. but it has to be delivered in a firm systemically order way and people look up and go that's right. there's a simple test here. do you want four more years of obama? do you think this is the right direction? or do you think we need something new? i think a campaign which made that case clearly enough would carry ohio and florida by big margins. >> mitt romney was in westerville, ohio, today. i want to play a little clip of part of something he said and get your reaction to it. listen. >> okay. >> i want to bring the rates down. by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. >> so he's trying to combine if i take it right the tax and the deficit argument. do you think that's a little too complicated for voters? do you think that re
if it had not happen we would be talking about economy, deficits, jobs and affordable care act. if mitt romney is going to use this successfully he needs not only to make this critique and point out this is broader frame as seeing the president disengaged not up to the job, giving it his best and failing on behalf of the american people and relate that to the dough messtic economy as well. bill: when the debate number one is rather is week from today. carl, thank you. karl rove in washington on that. here is martha. martha: there are violent protests breaking out about big government spending cuts. look at these scenes. why thousands of people are taking to the streets in spain and what it could mean for your wallet here at home. we'll be right back. [shouting] [gunfire] [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. we're not in london, are we? no. why? appar
the republican party has gotten lost. we cannot afford any tax cuts. we have to deal with our deficit. that will mean spending cuts for everybody. dagen: is it a mistake to run on this at all? how can you focus been on, because the issue is growth and jobs. how do you run and talk about that without linking tax policy to it somehow? the opposite would be saying we will get rid of these deductions. some people taxes will go up. that will not win you to white house, will it? >> both parties have been -- we cannot afford to give anybody anything anymore. we are broke. we are running a trillion dollars deficit. once we start paying a real normal interest rate on that 20 trillion, it will send the budget even deeper. dagen: all of what you are saying makes perfect sense. i have argued for years that the american people will not vote to pick that until they feel it is home. runaway inflation like the 1970s and skyhigh interest rates like people saw 30 some odd years ago. that is not the case today. if it was laid out just like that, do you think they would vote based on that? >> i think the
tax rates 20%, as you said, keep the budget deficit from getting larger, and protect the middle class from any tax increases. well, look, if you're going to cut taxes and you're going to be revenue neutral about it, that is not increase the budget deficit, that means somebody is going to have to pay more to offset the fact that somebody is paying less. >> and who is going to pay more? >> well, what mitt romney initially said was that we will just -- we'll get that from the top 1%. we'll get that from wealthy folks. well, that's where the arithmetic comes in. if you look at all of the deductions, you sum them all up, every single tax deduction going to those high-end folk, they don't make up the difference. it's not enough to offset the rate cuts. so you'd have to go to the middle class. >> okay. well, ryan and romney are fond of bragging about how they'll be tough on issues. once again we give you the candidate. >> we'll also take medicaid as well as housing and food stamps, we'll take the dollars that are going in those programs, return them to the states where they'll grow at the ra
for debilitating diseases. that's not a recipe for growth and we can reduce our deficit, including making some smart decisions on medicare in particular, where we're focused on lowering health care costs by reforming how health care is delivered but we don't need to be voucherizing the system to dump those costs on to seniors because, frankly, they can't afford it right now. >> pelley: there is a lot of rhetoric about medicare. what do you intend to do? >> well, i don't want any change to medicare for current seniors or for those that are nearing retirement. so the plan stays exactly same. >> pelley: make sure i understand. the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially and say "now, you can go buy a private insurance plan or you can buy medicare from the federal government"? >> is that essentially it? >> that's essentially it. people would have a choice of either traditional government- run fee-for-service medicare or a private plan which has to offer the same benefits. it can't be skinnyed down. >> pelley: will th
even to grips witness. >> reporter: in 2009 president obama pledged to cut the budget deficit in half by the end of his first term. obviously with the budget deficit still at 1.2 trillion that hasn't happened. how does he get past that at the debates? >> as he said, central to his entirely election argument is things were much worse than we thought they were. the country was in a much-worse situation and the americans who lived through the panic of 2008 tend to agree with him, they tend to easily recall what it was like when they opened their 401k statements before this election in 2008 and said, gee, this is not working. the president does have that going in his favor. the thing that makes him more vulnerable is this. this is where romney can really get him. the president said if he got the more than trillion dollars in stimulus packages that he wanted that he could get unemployment down under 8%, and that is not what happened. so what romney will argue is, that the president has failed and that the failures have been simply too expensive. and you know the new sewing began in romney
predecessor. the david letterman interview that president obama gave last week on the debt and deficits was a veritable panoply of things that were at least misleading, and often just flat-out untrue. i think the president didn't get called on it. there were many more misleading statements in the 10 minute interview that president obama gave david letterman than anything in paul ryan's speech which as we saw led to the this explosion of fact-checking. bill: don't all politicians kind of take the truth and bend it a little bit, stretch it out for their own advantage? >> yes. that is an understatement. they do it all the time. everybody on all sides does it. and i think, you know, to a certain extent the romney campaign has to be a little careful not caught up in just being fact checkers, but at the same time calling the president out on his excesses. when he is say things about governor romney that aren't true. bill: rove takes it a step further because he writes about serial dishonesty. that is the phrase he uses in his piece. how do you think romney has responded to date? >> i think th
was suffering a big deficit next to romney with that. since several weeks ago, probably tied to the convention, those numbers have turned and l of a sudn the democratic d rctth economy has become more popular than the republican brand. >> mourdock who has been a hardliner, he's been trying to embrace the moderate positions claiming he's more open to compromise, claiming he will otso sitd medicare. but this is not the same mourdock who defeated richard lugar in the primary. are richard lugar and others paying their price for the extremism? >> i would add to what sam said, part of the aftermath of 47gate. itouo trgt you're best on the economy when you think you should only be working for half of the people on the economy, right? that's h the comments were perceived. to your question, ed, i want to add, this is not just having a trickledown effect to other senate races. the only shot we have at elecng a new woman governor is acly -- >> it's ticket-wide, no tion. >> who shouldn't be in a neck and neck race, but is, because of what's going on nationally with the gop. >> keli goff, sam stein. >>>
with the numbers saying how, you know, it's a moral obligation to reduce the deficit, just ask 'em, well, explain us how the numbers work. because they don't. they don't have a deficit reduction plan. they have a deficit expansion plan. [cheers and applause] >> reporter: now, this morning governor romney jumped on those new gdp figures, said it reinforces his charge that this country cannot afford another four years of president obama and that his five-point plan for is the right prescription for this country. this is what he said. >> those five things i describe will get america's economy going again, will help people find jobs that need those jobs, will get take-home pay to come up again. this is not a mystery. we know how to do it, america has faced challenges before. when we have strong leaders, when we have people who know how to lead and where to get it -- we can get it done. and i am and we will. >> reporter: governor romney looking more toward the future and what this country would be like under a romney administration, making this as much about a choice as it has been so far about a refe
is between a group of people or families whose circumstances are paid for but deficits that are burdens on all other families and future children buried -- future children. convince it is not actually an economic problem all but it is deeper structure is that it is a civil rights problem. it is wrong. probably constitutionally, to greet a deficit structure which results in a tax necessity which reached out and grab the labor of future children without representation. that is a form of fiscal slavery to read you have reached out and grab their labor to spend it now. who are the but to the advantage? obviously everyone who are -- who benefits from government services and does not so to speak paid their fair share. it might be said there states the receive more than their fair share of government benefits. so there is a benefit by geography. there is one by sector of the economy. he might be -- you might be -- age and income are frequently referred to. they represent degette. that is why it is so difficult for us to close it -- they represent the gap. that is why it is difficult for us to
't believe you have to touch medicare to take care of the deficit or the debt. >> listen, it's a numbers issue right? i'm a numbers guy. used to be 40 years ago that you had two people in america working to pay for every one retiree. now it's basically, you know, one worker paying for 10 to 20 different retirees because we've got this horrific demographic shift, 7500 people turning 60 every day. you're right. the numbers are unsustainable. what was interesting about your chart was this. i'll tell you what. the president is glad the election is only 39 days away. because yesterday kind of quietly, i don't want to get wonky, we had dismal economic data. we referenced it at the top. durable goods was terrible. boeing sold only one aircraft in august. gdp was revised down. 25% of people, i can't remember the source of the poll, basically said they'll slow down spending because of the fiscal cliff issue. things are slowing down because people, smart viewers of "morning joe" and cnbc know that we're going to get the biggest tax hike in history if congress doesn't do something so the economy is
to use that money to reduce the budget deficit. i'm putting it back into medicare and i'm the guy running for president. >> well, what a miserable time he has. all he does is defend himself against paul ryan's budget and he put the guy on the ticket. >> chris, i remember when this happened. when you put ryan on the ticket, a lot of democrats said, okay, it's over, we've got it. and i was skeptical about that when they said it, and i think a lot of us who like to hear intellectual debates about policy said, great, bring it on, let's have a big debate about the philosophy of government. down in florida they don't care about the philosophy. >> all politics is local. >> they want the program, they like the program, don't mess with the program. >> let's go to something really big because i like this guy so much. this is jim webb who is retiring as the senator from virginia. he's a democrat but a different kind of democrat. many people, including me, believe he's eviscerated romney with these words he spoke. remember what romney was saying, there's the takers and the makers out there, including
and others going out and showing themselves as fiscal conservatives. it not only increased the deficit but added $3 billion to the national debt and the budget doesn't balance for 28 years. we talked a lot with the tea party people. they've been in -- talked to us. they're wanting us to come for a debate with mr. cantor. we're trying to work that out now. but, let's face it, there is 15% to 25% that we're not going to agree with with the tea party on social issue. but there are in virginia sensible members of the tea party who say to us, we agree with you on 75%. >> well, that's -- that's -- >> a lot of that is -- >> that's very interesting. we have to leave it there. mudcat saunders. i'm sure we'll be watching this race very carefully there in virginia. thanks for your time. >>> a big win for the fight for voting rights today. why nobody can take that right away. that's next. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors tu
providing cures for debilitating diseases. that's not a recipe for growth and we can reduce our deficit, including making some smart decisions on medicare in particular, where we're focused on lowering health care costs by reforming how health care is delivered but we don't need to be voucherizing the system to dump those costs on to seniors because, frankly, they can't afford it right now. >> pelley: there is a lot of rhetoric about medicare. what do you intend to do? >> well, i don't want any change to medicare for current seniors or for those that are nearing retirement. so the plan stays exactly same. >> pelley: make sure i understand. the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially and say "now, you can go buy a private insurance plan or you can buy medicare from the federal government"? >> s that essentially it? >> that's essentially it. people would have a choice of either traditional government-run fee-for-service medicare or a private plan which has to offer the same benefits. it can't be skinnyed dow
would tackle the deficit? >>> ann romney dishes to ja leno about mitt. >> would you say he is frugal or cheap? >> cheap. >> cheap. really cheap. okay. >> do you want to know what he does when he leave the house? he turns off the h water heat. >>o yo knot hoe w we come back from the house, he forgets he has to turn the hot water heater on, cold shers, they're not that bad. >> indeed. good day. i'm andrea mitchell live in new york. dueling messages in ohio where in a few moments both ndides wi beelin ch appearing only about 100 miles from each other but with sharply different messages. as president obama widens his ohio lead in the latest polls, joining me for our daily fix, chris cizilla, managing editor of post politics.com and "whington po" pic reporter karen tu multi. chris, first talk about the polls. how significant is it the double-digit lead in some polls now, cbs/"new york times" poll the trend first in "the washington post" and our wl street jourl/nbwsols weiso moving fairly steadily into the obama camp? >> i would say the answer to that at the moment is yes. the post on mond
to create are manufacturing jobs, promote u.s.-made energy and train workers and reduce the deficit. voters in ohio liked the message the president delivered on jobs there yesterday. polls show mr. obama widening his lead in the state. mitt romney also in the buckeye state telling audiences he cares about the people of america. romney acknowledging that some of the polls show him behind president obama. but he pointed to the first presidential debate less than a week from now as a potential turning point in the race. >>> in new york it was a rough ride for nearly 200 people aboard a brazilian jetliner from rio. they were bracing for a crash landing at kennedy airport because the landing gear was stuck sideways. you can see it there. the pilot circled twice before touching down. the nose gear seemed to miraculously straighten itself out just before the plane hit the tarmac. thankfully no one was injured. but some anxious moments aboard that plane. >>> airlines across the country are raking in big profits from what used to be a free service. they're pocketing billions of dollars in baggage fe
figure out if it adds up and not add up to the federal deficit. i think president obama needs to make his points very clear and concise and not try to give us too many soundbytes. first of all, he should say my policies helped to end the greatest economic disaster since the great depression. then, number two, he should stress that we've created more than five million jobs. those job numbers have been revived, of course. the president needs to be clear that his policies and the policies that he has proposed to congress that congress will not deal with because they're more focused on theron re-election and not focused on getting the american people back to work. he said his policies will continue to bring about jobs. it will fasten economic growth in this country, and that he has a plan to deal with the federal deficit as well. i think the president can say that. >> as long as we don't have a wardrobe malfunction, we're good. >> we'll keep it rated g. anna, what are some of the pit falls that romney has to avoid here, because, you know, both candidates have strengths and weaknesses. if you
and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair to say that the president has reduced taxes. he has reduced taxes for small businesses 18 times. he cut taxes for '95 -- for 95% of families out there. the question is do we ask everybody to sacrifice? when you look at the marginal rate in the united states, when ronald reagan took office, the marginal office with 71% to 72%. it is interesting to me that the greatness that people speak of in terms of the united states, when we talk about the 1940's, the 1950's, the 1960's, 1970's, the marginal rate that folks paid was much greater. nobody says we will go back to that. at the same time, during the clinton years, we had margi
Search Results 0 to 49 of about 59 (some duplicates have been removed)

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